The world is going remote, and that’s generally a good thing. Not only do companies get to save on office space, but they can also access a vast talent pool. Moreover, distance is no longer a barrier, which means firms can hire the best of the best.
The coronavirus pandemic showed us that remote work is a viable work model and a beneficial one. Employees can work and live better. Many studies have shown that remote workers are more productive working from home, and most of them see it as a better way to do things. This has led to an increase in home-based jobs.
A Stanford University study conducted over two years showed that employees working from home significantly increases output. Meanwhile, a Boston Consulting Group also conducted a survey, which showed that 75% of respondents maintained or improved productivity working from home.
However, the downside of the pandemic is a flooded employment market due to many companies downsizing. As a result, recruitment managers are now inundated with job applications to fill a single role. Since they don’t want to miss out on the best, the recruitment process is now more tedious than ever. With 82% of companies filling up roles, the employment market is buzzing with activities.
That’s where Applicant Tracking Systems come in. Managers don’t have to go through the hurdles of manually sorting resumes and applications anymore. Human errors can be reduced to the minimum, the recruitment process can be faster and more efficient, and companies can bring down costs.
Research conducted in Germany showed that applicant tracking systems play a vital role in reducing expenses associated with the recruitment process. That is why mass adoption is expected to increase the ATS market size to USD 1.81 billion by 2023.
The best ATS tools don’t just make life easier for recruiters but also candidates. Since these systems significantly shorten the process and sort applications based on different criteria, prospects don’t have to wait too long to know their fate.
What Are Applicant Tracking Systems and How Do They Work?
Applicant Tracking Systems are software programs used to collect and sort job applications. In addition, they help gather and organize applicant data, track recruitment progress, and facilitate communication. These tools are designed to use information you feed them to automatically sift through and filter applications.
For example, recruiters can screen out some applications based on years of experience and qualifications. Managers can also ask candidates questions, which the ATS program can then use to reduce applications.
ATS platforms can help with job advertising, interview scheduling, and AI-powered candidate sorting. Most systems allow recruiters to conduct video interviews, with some removing the need for managers to be present.
How Applicant Tracking Systems Benefit Companies
From finding, engaging, and managing talent to setting up interviews and tabling offers, ATS solutions make the recruitment process easier.
Here are the benefits of using the right ATS:
Faster and More Efficient Resume Screening
Manually sorting applications is not just an outdated recruitment method but an almost impossible one. With hundreds, and even thousands, of candidates applying for one role, it’s difficult for HR practitioners to keep up.
With ATS solutions, candidates who do not meet the minimum requirements for the position are screened out almost immediately. This helps reduce the workload for the recruitment team and allows them to focus on real prospects.
Shorter Time Spent on Administrative Tasks
A competent ATS makes sure recruiters focus on more essential stages during the recruitment process by taking care of rudimentary tasks. These tasks include posting job ads on multiple job boards, sending automated emails, and collecting application information.
Manually sorting and managing applicants requires a tremendous amount of human resources. Hiring the required experts to take care of these processes can be expensive.
While ATS solutions aren’t free, they significantly reduce the number of HR experts required to engage, cultivate, and manage candidates.
Easier Way to Find Talent
The right ATS provides analytics and key metrics to push the best candidates forward. They also use algorithms to post job ads on the right recruitment boards, attracting only candidates that fit the role.
Build a Robust Talent Pool
ATS solutions can help you keep a database of experts and talents that you can hire in the future. As a result, you don’t have to permanently discard candidates because they weren’t successful the first time. Instead, you can keep qualified applicants and hire them whenever there’s another job opening.
Top 5 Applicant Tracking Systems
There is no shortage of Applicant Tracking Systems. These tools are designed to meet different criteria, and companies can choose the ones that suit their needs.
Here’s a list of what we consider the best ATS solutions in the market.
iCIMS Recruit is one of the best recruitment systems in the market. It helps you conduct video interviews, assess applicants, build career sites, and advertise job postings. It can also be used for onboarding, CRM, and offer management.
This ATS directly integrates with a well-known job posting sites like LinkedIn, Recruit.net, Glassdoor, Monster, Facebook, and Indeed.
Recruiters can use the system’s custom fields to enter any data they require from candidates.
The downside is that you can’t send job ads in bulk. Moreover, you need to create more custom alerts and notifications, and it doesn’t support large file uploads.
Greenhouse is one of the most prominent players in applicant tracking. Many big names such as Pinterest, Hubspot, and Airbnb use the solution to manage recruitment and hire new employees.
The recruitment tool is also one of those application trackers that comes with a native CRM system. With its many features, you can streamline the recruitment process, track each candidate’s progress, and make the right hiring decisions.
Jobvite promotes its Smart Self-Scheduler as the best tool to automate interview scheduling. The ATS can help recruiters prioritize which candidates to interview based on application performance. It doubles as a CRM and integrates artificial intelligence to streamline the hiring process.
Jobvite also has analytics tools, configurable workflows, an interview scorecard system, and video screening capabilities.
Workable comes with pre-installed job description templates, different language options, branded career pages, and advanced reporting and analytics. In addition, it automatically posts your recruitment ads on more than 200 job boards, helping you reach more prospects in a short period.
The ATS also allows you to automate repetitive emails and tasks by hiring stage, job, and department. With the multipurpose dashboard, you can track the application process and manage candidates from one place.
Lever Hire is ATS and CRM rolled into one package. It allows recruitment managers to find and manage applicants from one place. In addition, recruiters can use the platform to customize job creation sites, track where applicants are applying from, use one-click sourcing, and sync emails.
The ATS tool will also help you streamline the entire process and choose the right candidate.
How Companies Are Leveraging ATS Solutions for Remote Recruitment
Since ATS solutions allow remote face-to-face interviews, they’ve covered one of the most crucial recruitment stages. Applicants don’t have to travel to a company’s headquarters to prove their worth.
These telecommunication capabilities also help recruitment managers measure how well an applicant can perform working from home.
Moving forward, managers can assess employee performance using remote working tools such as those found on https://www.auslogics.com/en/articles/top-18-employee-time-tracking-software-2021/.
Employees can also use these remote tools listed on https://softwaretested.com/software-apps/best-remote-work-tools-to-stay-productive/ to stay focused and productive.
Recruiting, training, and managing remote workers has never been easier, thanks to ATS solutions. WFH jobs are here to stay, and it’s high time that companies leverage these tools to find the best talents.
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